Controlling animal health by preventing animal disease epidemic and monitoring animal food supplies is vital to the any economy and safety of the any country’s food supply. Breeding of healthy livestock guarantees a safe supply of food and keep selling prices stable. Animal disease epidemic costs the country millions of dollars owing to livestock trade halts, animal slaughters and subsequent disease elimination efforts. For example, in November 2017, Porcine reproductive and respiratory syndrome virus (PRRSV), causes stillborn piglets which costs U.S. farmers an annual $600 million. Animal diseases with human health connection can adversely affect public health, international trade, and the stability of the agricultural sector. Disease free and healthy animals likely to result in safer food supplies, higher farm productivity, reduced environmental impacts, reduced use of antibiotics.
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With more than 300 animal health companies, the regions such as Missouri, Columbia, Kansas and Manhattan have the most numbers of animal health companies in the whole world.
Animal health market is anticipated to grow in the forecast period owing to driving factors such as surge in livestock population, growing demand for animal-derived food products, frequent animal disease epidemics, rising animal health awareness, growing food borne diseases. Further the growing prevalence of animal diseases has encouraged private players to manufacture advanced animal vaccines. Rising animal food demand has resulted in growth in the number players making investments to control pathogen contamination.
MARKET SEGMENTATION
The global animal health market is segmented on the basis of product and animal type. Based on product, the market is segmented as vaccines, pharmaceuticals, feed additives, diagnostics and others. Vaccines segment is segmented into live attenuated vaccines, DNA vaccines, recombinant vaccines, inactivated vaccines and others. Pharmaceuticals segment is segmented into parasiticides, anti-infectives, anti-inflammatory, analgesics and others. Feed additives segment is segmented into nutritional feed additives and medicinal feed additives. Diagnostics segment is segmented into instruments and consumables. Based on the animal type, the global animal health market is segmented into production animal and companion animal.
Top 10 Players influencing the Animal Health Market are-
1. Merck Animal Health
2. Boehringer Ingelheim GmbH
3. Ceva Sante Animale
4. Cargill Inc.
5. Zoetis
6. Bayer Healthcare AG
7. Vetiquinol S.A.
8. Nutreco N.V.
9. Virbac
10. Elanco
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